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Says. Preident “ache ; Dean of N.Y. U. School _ of Commerce. it Alexander Johnecn, dean of Genes ef Commerce, New Yor York York Mate oclety. of Certified ) Ameopntand®, st the Waldorf. eapersced. his views on the | ment . al_situation as follows: (a well to distinguish clearly be- pease anda crisis. A panto is (Godt and mistrust. I feniala, on. (hd otter end, le the s ef a period of prosperity, to tend the country's credit against the.as- in en ndiiress before pe are, solvent ‘@ large (pert ef a country’s 5 iq Mijped capital nes Been run into the | present th now dunien ee Tre would doateal gute : SAC: spgblic of France en homan nature, the panic fs not hard to explain. In my-opinion it Is the pro- duct of two years of talk, cossip and slander, and of thy Inherent weakness} fn. our credit syatem, “The tnoreasing scarcity of capital during the year was not in iteclf wuficient to precipitate panic —Ite-nat~ Hira) effect was to pul a check upon new jenterprise and a daniper upon the sptr- ft of mpeculation, That effect it did} exert. and tn ms—spinion’ nothing worse would have happened if our banks had been in a position to protect their own eaults othe tgrorant_and-niaiicious, a renee artificial, for! in our banking laws und not in exceasive speculation, unwise rodurtion oF; undue expansion of credit, Individually or through had the rit 0 CT our banks, the clearing houses, promissory note would enaily qorves ‘currency would not now be selling At a premiurn. Liable to Be Repeated. “This is @ truth wnich. business: men nel bankers in this qountryshoukt be made to anderstand: ‘Our currency sye- jotlve; and on that ac- ‘s.constantly Sven of Bea or! 6 United Fiala iy doing. more busl- ness on credit than asiy other 3 count (in the world, and yet our banks, are the ‘natural enesr rar of Greate bound-rand -footwhen It 1a xt: It (the ‘banks had not take a Tecolirse to the use of Clearing avcredit instru-| J fouiee ‘toan pert rea tthe. pens not yet to BAYS PRunke pl th lore of perfectly | DOW. ‘This panic ew brought wo ight two | facts. First, t! ur banks siould be | itted to ‘com Sher crest Into an) IN BLAZE WHIC SWEEPS HOTEL nis pazitc to have been met Victinis Are “Trapped in Upper _ Rooms of the Garde in NEW HAVEN,’ Conn., Flames sweepiiw through the servants’ toome in the fifth ‘floor of, Hotei Garde, in Meadow street, early to-day burned to death four employees, while a fAtth man, Isao Levine, ‘while trying. to escape by using the rope of the fire-secape. | The dead are: Teas Levine; porter; THE EVENING WORLD, TUESDAY, » NOVEMBER ton firm, gave the awakened. New Haven. vants' qual Nov.) 12.— that part “fall. to le. death | gocked) to cover, the-staircasee-And-_fire-oscapes._— Mias Flizabeth G, O'Gorman, of Wor- cester, Mass.,.a saloswoman for a Bos- of the proprietor, who- wete both Ill, were removed from their rooms in safety, and neither to-day appeared to have miffered from the expefience. (from a smoldering notified the night clerk, ‘who flames were spreading through the ser-| e Areeien later send four bedies in The Fiotel Garde. ts one of the best Known houses for travelling men in the Gtate, and was filled with guests when ‘the fire broke qut Nearly ell’ of them clothes, bat the firemen ‘soon had the flames under control ant the quests loet fireman ot the Jacob) Dobie. eheck oo; John Use en wal tates to the hoopital bat ie ‘Mehry ——, diahwasbers; and a kiteh- for this afternoon the biidget for 198 Leoky; Willcox: Says: was referred to the Committee on Fi- | nance, with Instructions to hold public ; Pudlie ‘and Frederick H, Mayer, son| mectings thereon, ” County held a meeting in Clerk's office and organized a board | probably next week. of Canyassers. Alderman Rosinald 8. | Enginoer Fyce “sald: Doull was ctected chairman of pact Leb Ake board. This ts the elgtith consecutive “Sh PONnt Hime that Alderman Doulk has been ao | tho tubes of the tunnel elected, Chairman Wilcox, said “We have o'clock to-morzow. morning, when: the the fitat_of January, alagm, all the guests being A few minutes later the Inquity was made at the offices of the Service “Commission to-day re- garding a published: report that trains The Aldermen representing New York | would be running through the tuonel the City | from the Battery to Brooklyn very soon, no a tannot run trains with- po hip cavles have not been tald through i We aball be This meeting ras adjourned until 10 Jivecy It the, tunnel J8\in operation by |: 12, 1907. en-keeper, whoee name {s not known. work of canvassin; he New P 1 : FIVE MEET DEATH or oa ee ear oe stahy EMS ON CITY BUDGET.| rer, o¢, vole be ten Upoeare (WHEN aman is out with a ham me Injured, ard of Aldermen Orders at | . . . : ® 2 OSeTe efeesiy eaileerieusty mutt Teer oe ic oa TRONS UNDER Ri RIVER JAN. 1. mer his-liyer is doing the knocking, although many ot tham made hasty! 40a sacia) meeting of the Board of /y oy) SR d % Glass exits through dense smoke, by means of | Aldermen enlled by Mayof McClellan t ublic sarcie e Commission Ia : commen: Hunyadi Janos Water Before Breakfast. ease A Natural Laxative Water : ‘Botled at the Springs. Avoid substitutes, SUNDAY. WORLD WANTS WORK MONDAY MORNING WONDEES. ‘| Our Third Floor Display of Rare Bronzes has ‘no ‘counterpart in America. Embraced are exact ‘reproductions of long-buried art treasuree sacaraled at, real and Herculaneum. of them. isa eke of aly cients. thoe- sand years ago, of the bullding. the main floor in their night ail over the country would |f lItimported Drew F. apnee Clearance Reductions Unparalleled. HE full importance of this sale is not indicated bythe reductions, decisive as they. are, You must see the fabrics— and realize that they are DISTINCTLY NEW, all this season’s importation. stand the great rush sure to follow such an underpricing. Some of the prizes: ‘An early inspection of cour "Alaplaye of} ” Diamonds aid’ Gold Jewelry ill, of th Toned garnets’ to gift buyer whe vestment in Jewelry. : _ 34th:to 35th St. The low prices considered, Three Carloads of Vegetables at Carload Prices. *:: Here is a Canned Goods Sale extraordinary—a if | remarkable opportunity . for thrifty householders to French Velour. Stripe. Voiles, . were $5.89 a yard, now..... Imported Fancy Broadctoths, . were $2.49 and $2.89, now Canned Dy the, creation. ard sarnl-gor~ ar aed resarption” eat ‘United | Bta! yeare—there: ide, talk ab ab Hs ot retina the seers] firely owt Mot the go the ve * Fata the ant Bagge faoney’ market, thecontct haa closer and fe ‘prot Burtoome. of the situation of banking a: ts ina central. bank of 28 auch | never | consequence store up a'winter’s supply of ; CHOICE CORN, TOMATOES AND PEAS at a price quite as favorable as fheuel they banded to- Pp] Fancy-Plaid- and Stripe Suitings, — in a_variety of - the most desirable colorings; regularly 90c: a + yard, reduced to.............-. Becisciatcts -IN ADDITION, A LARGE COLLECTION OF 69c | the quantities in. some instances are, comparatively, “handfuls.” -Gollectively-there-aré sufficient-quantities to with- 3 French Fancy Stripe” Chev; ; WwW ‘ere $2.97 and $3.49, now.......- SONeAGH more Imported Fanc: Worsted Suitings, silk overplaid effects; were $1.49 and $1. 89, now... Also—in the basement—Fancy Suitings, suitable for. costumes and children’s dresses; check and plaid effects in rich colorings; this-sale regularly 49c. 4 ee } d- bought in-earload-tots: oahee: Brand Corn, aaa the can. the sale 58 6c an. me Milford Brand Tomatoes, similar at 12c. and 15c..a can. this the sale.... can, Gilman Brand Sweet Maree eee: packed by the canner {o sell for 45c. a can. ‘Men’ 's; Women's and Children’s jee! Sale Involving Very. Good Grades From Regular Stocks at Special Prices In comparison with our semi-annual Sales of Hosiery Samples this event would not rank very high, so far as-the QUANTITY. is concerned. In other respects it is a sale extraordinary—one that has quality genera ti sold: - 69c; dozen. quality generally sold - 94c fhe 1st F 10c * ite one Prices hold good on hase carloads only—in oth -euitle the stock lasts es ysty Hosiery is as staple as flour. away a season's supply: - 1,200 Pairs Women's 24c Stock'ngs, a pa $1. 14; dozen, Be prompt. 1,200 Pairs- Women’s 33c Stockings, a pair: 1,200 Pairs Women’s 48c Stockings, a pair. Nor are invited to make ckice inspection and ener It will pay you. : Seth howe Fics to Nineteenth Streets _ Formed compied-iry B Atmas & Ca) Q 600 Pairs Women’s 69c Stockings, a pair- . 600 Pairs Women’s $1.19 Stockings, a pair. 960 Pairs Men’s 24c Half Hoee, pair... 900 Pairs Men’ 's 48c Half Hose, pair..... Details of Sale Stocks. “WOMEN'S. 24¢:- STOCKINGS AT] —MEN'S-24e~ HOSE-AT—17c had no equal in’a good many seasons—for all the Stockings con- xertied are perfect qualities, from our regular stock lines—in every |size and every “sty isivel yee ae Here is the opportunity to ‘store =-Im=- ~| 30% one group; former prices up to $170.00; this sate-.--. $124.00 | nee Extra Special Sale (eo _WOMEN’S. HIGH GRADE. ‘SKIRTS comprising a MANUFACT, URER’S SAMPLE LINE OF 120 GARMENTS. Various popular styles, fashioned of voiles, broadcloths, Panamas and a few of serge; nearly all i in black. prices ranging from $10.74 to $19.74. le, Second Floor, a OF SIMILAR INTEREST: LA Reduction Sale of WOMEN’S IMPORTED COATS. Distinctly high-class garments—chiefly for e vening wear; Nchly lined and trimmed. 10, in a second group; former prices up to $124.00; this sale. $98.75 18¢ — Imported black cotton, with | ported black lisle thread with double |Jlunbleached split feet, double ‘soles, | soles, heels. and. toes. | F hheale and toes, ey = IP “WOMEN'S. -33¢._ STOCKINGS AT t cotton; -plain—-black 24¢_— Imported _black gauze liste grounds with hand-embroidered flg- thread with garter tops; double soles, \ | heels: and toes: } WOMEN’S—48c. STOCKINGS AT. 28c—Imported (French) lisle thread nd cotton, weight. WOMEN'S... 69¢,__ STOCKINGS. 38 — Imported” Hsle -thread; ankles, with embroidered figures; also EXTRA SIZE STOCKINGS, plain with ‘hand-embroidered-figures on instep. WOMEN’S $1.49 STOCKINGS AT ures or Jacquard side clocks in vari= ous color combinations, MENS 69¢, and 98c. imported (French) listethrea HOSB AT’ lace | broidered figures or side Clocks, CHILDREN'S 25c. STOCKINGS AT 14c — Ribbed black cotton, with double knees, soles, heels/and toes; Q4c — Pure thread black silk, with | all sizes from 6 to 40, for boys and silk or cotton soles. girls, In the Basement will be found extensive assortments of very low-priced Hosiery. On the main floor, finer grades_up_ to $39.74 for women’s and $2.97 for men’s. | | f | 1 1 | | | Photogravures, in handsome gilt outside..measucements; such subjects as ‘The Return- of «| fi “Favorite ay of Louis XV.” and others; special, ~~ _ oo $14.89 ures, 27x34 inches outside measurements in + ai bs | | |] Colored Phot shea sate gilt frames; all juvenile subjects......$15.84 Pastels, In oval and square gilt frames, size 14x28 inches; landscape subjects in pretty colorings ........f..++ssseeeeee ++. $3.49 | Hone Prints—The Zephyrs of ‘Love,” in gilt frames with bow Knot topsites. ciessccs esse Bopop oon ononooouonanngn: Xr.) NEW DENDY SADLER PROOFS. - ‘The latest one received, subject ‘The Time-honored Guests,’’ is $27.89. Others include: “The Dower,” at $27.89; “At the Wayside Inn,” $26.74; ‘The :Parson and Squire,”” at $22.49, Sterling Silver Toilet Wares. na Hardly possible to forego purchasing Christmas gifts a few wae earlier than usual, when the proposition comes in the form of Ster- He Silver underprice, as in this instance. The designs are all new attractive: Te Mirrors... Hair Brushes. , Dressing Combs. 48 $4.74 $1.58 + $3.96 $1.98 + $3.98. Nall Buffer Tray... Militaire Brushes, each. Powder Jars, cut glass.....92.77 Hair Receivers, cut glass...$2.77 Talcum Powder Jer, cut glass. 99¢ Tooth Powder Jar, cut glass,.58¢ Cold Cream Jars, cut ete 79¢ Tooth Brush Jars, cut glase:.690 Naji Buffers... Soap Boxes..--.,..2s+ 50045 $7.12 Also Sterling Silver Filigree Perfume Bottles, Flasks and Photo- graph Frames. Sterling Silver Novelties of almost every sort, oe meee Caskets, ranging in price up to $59.89. F Neen NE | ranging. Wie} $124.00. AT 28c—Imported | Weare now showing. extensive-assortments of standard quality apparel, including Men’s Coats ranging from $10.94 up to $239.00, and:Women's Fur Coats from $23-74 to $179.00, -blackand_colored-grounds. with em-_ <7 satis would command from $44.74 to $59.75, this sal Women's Dogskin Motoring Coats, warmly lined with wool + plaids; full 48 siaches long, with’ opossum coll: $39.74, sale ..... Sceverservessere at HAE) $28.74 OTHER ATTRACTIVE. VALUES: Fur Gloves..,...$3.49 to $26.74| Sheepskisrlined Boots Fur Cape... $1.49 to $24.74) Fur poloa ur-lined Knee Loggins...:$12.89 Side Lights, equa: We-show a particularly large selection of “Motoring robe tn goatskin, Heil ponyskin, maskral, bearskta; ‘lea price In Wanted White Goods. = r--. Long Cloth, Nainsook and Madras—perfect-quality fabrics, the “first two in 12- yard lots, the dozen yards in ne) cuts. These prices for the 12 pari Long English Cloth, 36 inches wilde; $1.75 quality, $2.00 quality, $1.69; $2.25 quality... 2.60.0, a 5 oe ied Nainsook, 36 inches wide, $2.00 quality, sale. Be $1.74 4G inches wide, $2.39 quality, sale... $1.93 Mercerized English Madras, 27 inches wide, In a large wartely of designs;/a) yard dadcdodasbonde oes 24e Finer White Fabrics in regalar stocks ap (0 $9. 96 a yard, Table Covers and Sofa Cushions «=. | Reversible Armure Table Covers, In good colorings; finished with heavy tassel fringe-- |. : crib) 144x144 yards, elsewhere £5.00, our price... 2x2 yards, elsewhere $8.00, our price Hears, Tapestry Table Covers, Persian designs; finished with tassel inge— rer yards, elsewhere $1.95, our Prise: ae 1.39 “2x2 yards, elsewhere $2.50, our price, , +, $1.89 French Velour Table Covers, best ial plain centres in solid red, green, terra cotta and rose, with fancy bor: (ers— 1Axi'4 yards, elsewhere $5.50, our prices...... ax2 yards, elsewhere $11)50,: our Prices ves ss ecire Sofa Cushions, he fine quality seabosied yelour and ¢ tapestry, in an extensive Range of colorings; elsewhere $1.75, sale. 99c - Sofa. Cushions, coverdd, with figured eb satin damask and silk aoa (elsewhere :$2:1$ and 10,